Launch of Competitive Interest Only Products
We've recently launched a revised range of Interest Only products which include the following key features and benefits:
- 2 year fixed at 2.99% (5.5% APRC) for loans up to 75% LTV, with £999 completion fee
- 2 year fixed at 3.40% (5.5% APRC) for loans up to 75% LTV, no product fees
- Free standard valuation on properties up to £500k
- Choice of fee assisted product with a £300 cashback, providing choice and flexibility for your clients
- 10% overpayment facilities across all products, which supports your clients who require the flexibility to make lump sum overpayments. This is in addition to the £499 regular monthly overpayments already permitted.
- Early repayment charges of 2% until 30.10.2021 and 1% until 30.10.2022 for all products
- Available up to 75% LTV and an additional 5% LTV can be secured on a repayment basis
- Affordability will be calculated on an interest only basis
- Maximum age for borrowers at the end of the mortgage term is 80
With all of this and more, we know we have an Interest Only proposition that is worth shouting about.
All available product details can be found at www.newcastleis.co.uk/products.
Should you require any further help or assistance, please do not hesitate to contact us.